Fund Flows - For the week ending Sep 1 HG funds received $426mn which is down from $1.2 and $1.6bn the prior two weeks. High Yield funds had small outflows of $186mn after $315mn in inflows last week. Equity funds had outflows of $5bn which is the third week of large outflows. Money market funds had $1.8bn in inflows. Outflows from equities and HY and inflows into HG and money markets reflects a theme of risk reduction which has been evident in these flows the past few weeks. Beinstein
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